October 20, 2021
Real Estate

What’s next for the real estate market? We asked the chief economist at the National Association of Realtors

This article is reprinted by permission from The Escape Home, a newsletter for second homeowners and those who want to be. Subscribe here. © 2021. All rights reserved.

So you want to buy a vacation home, but you’re waiting for the market frenzy to calm down long enough to allow prices to cool off and contract negotiations — which are overly favorable to sellers at the expense of buyers — to return to normal? You’re not alone. Lots of potential vacation-home buyers are on the fence, betting that the market will improve for buyers this fall as companies order workers back to the office while either reducing or completely eliminating remote work. That, in turn, would reduce demand for second homes, especially in the most desirable locations.

While that seemed like sound reasoning a few months ago, conditions have changed — yet again. The…

Read full article here: www.marketwatch.com